Calix promotes Michael Weening to CEO; Carl Russo remains Chairman

CALIX, INC

Weening succeeds Russo as CEO effective Sept 30, 2022; Russo continues as Board Chairman.
New CEO receives $560k base salary, 150% target bonus, and option for 300k shares vesting over 4 years.
Weening has been with Calix since 2016, most recently as President and COO since Jan 2021.
Relocation requirement removed; Weening's prior relocation allowance and clawback terminated.
Weening will continue to partner with Russo, who shifts focus to board leadership.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Carl Russo

Chief Executive Officer

CALX · CALIX, INC

Effective: 2022-09-30
Successor: Michael Weening
Filed: October 3, 2022, 7:59 PM ET

Also on September 30, 2022, Carl Russo resigned his role as Chief Executive Officer effective September 30, 2022 and will continue to serve as Chairman of the Board of Directors of the Company

Role change

Michael Weening

Chief Executive Officer

CALX · CALIX, INC

Effective: 2022-09-30
Filed: October 3, 2022, 7:59 PM ET

On September 30, 2022, Calix, Inc. (“Calix” or the “Company”) appointed Michael Weening, age 54, to the position of Chief Executive Officer of the Company effective September 30, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Carl Russo resigned as Chief Executive Officer at CALIX, INC.

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

Also on September 30, 2022, Carl Russo resigned his role as Chief Executive Officer effective September 30, 2022 and will continue to serve as Chairman of the Board of Directors of the Company

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Weening was appointed as Chief Executive Officer at CALIX, INC.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On September 30, 2022, Calix, Inc. (“Calix” or the “Company”) appointed Michael Weening, age 54, to the position of Chief Executive Officer of the Company effective September 30, 2022.

View on SEC.gov

CALIX, INC filing history →

Source: SEC EDGAR

accession 0001406666-22-000048

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